Huge economic boost for Irish tourism sector as Fáilte Ireland announces €55 million funding package

Monday, February 1
Ciarán Mather

The current COVID-19 pandemic has caused many industries throughout Ireland to suffer huge setbacks, especially our nation's tourism industry.

However, there is now some good news on this front, as the tourism-promotion group Fáilte Ireland has pledged a €55 million aid package to businesses who were previously unable to avail of COVID-19 aides.

The package, dubbed the Tourism Business Continuity Scheme (TBCS), will include individual grants for tourism-related companies struggling in the pandemic.

These grants can range from €3,750 up to €200,000.

An online Survive to Thrive industry event took place earlier today, and set out details for the plan, along with advice to improve outdoor dining spaces for a hospitality sector that hopes to attract customers once the current COVID-19 restrictions are relaxed.

Speaking ahead of the conference over the weekend, Fáilte Ireland's Chief Executive, Paul Kelly, said: 'Some sectors within tourism have not benefited as much as others from government supports.' 

'We will be talking about how we will be seeking to improve this situation,' he added.

The first phase of the TBCS will be launched later this month, with a focus on outdoor businesses, including: bike tours, surfing and kayaking schools, cruise hire, not-for-profit visitor attractions, golf courses with a tourism offering and eligible caravan and camping providers.

Tourism revenue in Ireland has declined by €6 billion and has resulted in the loss of thousands of jobs since the start of the pandemic, but it is hoped that with this announcement the industry will be able to bounce back in some form in 2021.

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